Twitter co-founder – Jack Dorsey is stepping down from his position and is no longer the CEO (chief executive officer) of the company. However, he will stay on the board of the company until his term comes to an end in 2022. Jack also announced that Parag Agarwal is his successor as the company CEO. To those unaware, Parag joined Twitter as an engineer back in 2011 and was promoted to CTO (chief technical officer) in 2018. Jack took it to Twitter to make an announcement for the same.
not sure anyone has heard but,
I resigned from Twitter pic.twitter.com/G5tUkSSxkl
— jack⚡️ (@jack) November 29, 2021
“There’s a lot of talk about the importance of a company being “founder-led.” Ultimately I believe that’s severely limiting and a single point of failure. I’ve worked hard to ensure this company can break away from its founding and founders.”
Jack co-founded the company back in 2006 and has held multiple key positions in the company including CEO, Chairman, and Executive Chairman. After Jack, Parag is going to lead the company as the CEO. To those unaware, Parag, an Alumnus of Indian Institute of Technology, Bombay (IIT Bombay) has been serving as the company CTO for almost the last 4 years. Jack revealed that Parag has been behind every critical decision that helped turn the company around. Before Twitter, Parag has worked at other big tech companies such as Yahoo, Microsoft, and AT&T Labs.
“He’s been my choice for some time given how deeply he understands the company and its needs, Parag has been behind every critical decision that helped turn this company around. My trust in him as our CEO is bone deep.”
Jack also announced that Bret Taylor, Salesforce President, will join the company as the chairman of the board. Jack said that he will be staying on the board until his current term comes to an end sometime in May 2022 to help Parag and Bret with the transition.